North Carolina solar panel rebates returning in 2019
Just two weeks after the program launched, money for Duke Energy’s North Carolina solar panel energy rebates for residential and commercial customers ran out for 2018. But all is not lost, as the program is returning in 2019 as part of a five-year, $62 million pact that will end in 2022.
North Carolina residential solar customers rushed to cash in on a program that provides a rebate of 60 cents per watt for solar energy systems sized at 10 kilowatts or fewer. With a little more than $12 million being allocated each year, that means approximately $50 million remains over the next four years.
The crush of applications has left a number of North Carolina residents who already installed solar this year without the opportunity to receive those credits. However, Duke has asked the state’s utility commission for permission for those who installed solar systems between Jan. 1 and July 26 to be allowed to apply for those rebates when the 2019 window opens on Jan. 1. It would be a one-time exception, the Charlotte Business Journal reports.
What this also means is that solar customers in future years are best served by getting their applications in as early as possible after Jan. 1 to avoid being shut out of receiving the rebate. The Charlotte Business Journal reported that 60 percent of the available 2018 rebates went to solar customers who have not yet installed their project.
Beyond available state rebates for solar installations, a 30-percent federal tax credit remains available to any homeowner who qualifies. Check with your tax professional to determine your eligibility.
With our innovative solar program, homeowners in our five-state coverage area can go solar for $0 out of pocket, save money on their electric bills, and generate their own clean energy. The solar panels installed on your home are American made and come with a 25-year warranty, with many panels expected to last well beyond that.
Please feel free to contact Power Home Solar at 800-765-2715 and one of our solar representatives will help you determine whether your home qualifies for this program.